Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Barclays PLC

Barclays PLC lessened its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 61.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 646 shares of the company’s stock after selling 1,014 shares during the quarter. Barclays PLC’s holdings in Coca-Cola FEMSA were worth $57,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its holdings in Coca-Cola FEMSA by 1.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,068,502 shares of the company’s stock valued at $94,797,000 after acquiring an additional 17,208 shares in the last quarter. Itau Unibanco Holding S.A. increased its stake in shares of Coca-Cola FEMSA by 59.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after purchasing an additional 304,197 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Coca-Cola FEMSA by 73.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock worth $23,160,000 after purchasing an additional 110,926 shares during the last quarter. Natixis Advisors LLC lifted its stake in Coca-Cola FEMSA by 4.4% in the 3rd quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock valued at $21,040,000 after buying an additional 9,911 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Coca-Cola FEMSA by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock valued at $19,030,000 after buying an additional 5,166 shares during the last quarter.

Coca-Cola FEMSA Stock Performance

Coca-Cola FEMSA stock opened at $76.10 on Friday. The stock has a fifty day moving average price of $79.57 and a 200 day moving average price of $84.40. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $75.06 and a 52 week high of $104.38. The firm has a market capitalization of $127.90 billion, a P/E ratio of 12.92, a PEG ratio of 0.71 and a beta of 0.83. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid a dividend of $0.7433 per share. This represents a dividend yield of 3.7%. The ex-dividend date was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio is currently 11.71%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KOF shares. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price objective for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Barclays reduced their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $104.75.

Coca-Cola FEMSA Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.